The Land Tax Changes - A Practical Workshop

The Land Tax Changes - A Practical Workshop

2 CPD Units in Professional Skills


Presenter:  Bernie Walrut - Murray Chambers


The amendments to the Land Tax Act 1936 made late last year, that apply from midnight on 30 June 2020, make significant changes to the way land tax will be levied in the future, including:

  • the aggregation of holdings;
  • the grouping of companies and some trusts;
  • the taxation of trusts (often at a higher rate);
  • the making of nominations and their on-going implications; and
  • the altered and changing taxation thresholds.

Practitioners advising clients on the implications of these changes are required to undertake many computations for that purpose.  They are also required to consider whether the trustees should avail themselves of the ability to nominate their beneficiaries.  In addition, they must also consider various other taxation consequences and possibly non taxation consequences of the operation of these provisions and their available choices.

The purpose of this workshop is to consider a number of examples that highlight primarily the land tax implications of the choices available and their ongoing implications.  Other taxes and consequences will also be discussed.

As this workshop will be conducted as a small interactive session, the attendees will need to understand the changes and be prepared to engage in the discussion.  The examples will be provided in advance of the session to enable the attendees to prepare for the discussion.  Accordingly, the number of attendees will be limited and will require attendance in person. 

When
29/04/2020 5:00 PM - 7:00 PM
Where
The Law Society of South Australia Level 10, 178 North Terrace ADELAIDE SA 5000 AUSTRALIA

Sign In

Program


Wednesday, 29 April 2020

 
29/04/2020 5:00 PM

Terms and Conditions:

Cancellations: Payment in full of the registration fee is required to be made at least five working days prior to the event.  Previously paid registrations are transferable subject to the alternate attendee being eligible to register at the same registration fee (that is a practitioner who is not a Society member is not eligible to attend in place of a member without the price differential having been paid. Any person who has registered and paid to attend an event but is subsequently unable to do so and does not wish to transfer the registration is able to apply to the Society for a refund, however such refunds (in whole or in part) will be at the discretion of the Law Society subject to the circumstances and any external costs paid by the Society which cannot be recovered by us.
MCPD Units: Any MCPD Units listed are only provided as a guide and attendees must satisfy themselves about the nature and quantity of MCPD Units they can claim for the activity. Please refer to the MCPD Guidelines for details at www.lawsocietysa.asn.au/mcpd
Privacy Statement: 
By attending this event you consent to the use, reproduction, editing and/or broadcast by the Law Society of South Australia of any and all photographs, video recordings and audio recordings of you taken by or on behalf of the Law Society of South Australia without compensation to you. All prints, video recordings and audio recordings shall constitute the property of the Law Society of South Australia solely and completely. 
In addition to administering this event, unless you advise otherwise, the personal information you provide to us may be used to inform you of  future professional development events and may be disclosed in the event delegate list available to speakers, sponsors and delegates. This information may also be used by the Society in the course of, or for the purpose of, performing its various membership and regulatory functions. Information may only be provided to third parties to achieve these goals in accordance with our Privacy Policy a copy of which is available here.
Webinar Cost: Unless otherwise stated, the cost to attend events via webinar is the same as attending in person or $80, whichever is greater.  The cost for students to attend via webinar is the same as attending in person or $35, whichever is greater. Country Practitioners (as defined by the Law Society of South Australia) are exempt from the minimum webinar charges and will be charged the same rate as attending in person.